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Gold futures down at Rs 31,061 per 10 gm

New Delhi: Tracking a weak global trend, gold prices fell 0.33 per cent to Rs 31,061 per ten grams at the futures market today as speculators off-loaded their positions.On the Multi Commodity Exchange, gold for

PTI [ Updated: August 20, 2013 13:11 IST ]
gold futures down at rs 31 061 per 10 gm
gold futures down at rs 31 061 per 10 gm

New Delhi: Tracking a weak global trend, gold prices fell 0.33 per cent to Rs 31,061 per ten grams at the futures market today as speculators off-loaded their positions.




On the Multi Commodity Exchange, gold for delivery in October fell Rs 104 or 0.33 per cent to Rs 31,061 per ten grams in a business turnover of 788 lots.

Similarly, the yellow metal for delivery in far-month December lost Rs 51 or 0.16 per cent to Rs 30,930 per ten grams in 89 lots.

Market analysts said the fall in gold futures was mostly attributed to a weak trend in the global market as investors awaited minutes from the US central bank's July policy meeting for clues on when it will begin scaling back its commodities-friendly stimulus steps.

They said, however, the falling rupee which made imports costlier, limited the fall.

Meanwhile, gold in Singapore dropped 0.28 per cent to $1,361.80 an ounce.

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